13F HOLDINGS REPORT

Madrona Financial Services, LLC

Quarter ended Q3 2025 · Filed October 22, 2025 · Accession 0001578370-25-000007

Total Value

$453.3M

Positions

121

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (121)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ISHARES TR	464287200	90,236	$60.4M	13.32%
2	INVESCO QQQ TR	IVZ	74,209	$44.6M	9.83%
3	MICROSOFT CORP	MSFT	65,126	$33.7M	7.44%
4	BLACKROCK ETF TRUST	BLK	489,453	$29.0M	6.39%
5	NORTHERN LTS FD TR IV	NTRSO	429,238	$27.1M	5.97%
6	FIRST TR EXCHANGE TRADED FD	33738R605	397,604	$24.6M	5.43%
7	ETF SER SOLUTIONS	26922A420	160,273	$16.8M	3.71%
8	GLOBAL X FDS	37954Y632	319,561	$15.8M	3.48%
9	SPDR SERIES TRUST	78464A870	128,523	$12.9M	2.84%
10	VANGUARD BD INDEX FDS	921937835	172,931	$12.9M	2.84%
11	ISHARES TR	464288240	195,309	$12.7M	2.80%
12	PACER FDS TR	69374H881	220,712	$12.7M	2.80%
13	INVESCO EXCHANGE TRADED FD T	IVZ	117,678	$12.4M	2.73%
14	VANGUARD INDEX FDS	922908751	42,212	$10.7M	2.37%
15	APPLE INC	AAPL	38,817	$9.9M	2.18%
16	VANECK ETF TRUST	92189F676	26,842	$8.8M	1.93%
17	ISHARES INC	46434G103	121,469	$8.0M	1.77%
18	FIRST TR EXCHNG TRADED FD VI	33740F755	210,948	$7.0M	1.56%
19	COSTCO WHSL CORP NEW	22160K105	5,749	$5.3M	1.17%
20	SILA REALTY TRUST INC	SILA	189,787	$4.8M	1.05%
21	J P MORGAN EXCHANGE TRADED F	46641Q332	81,118	$4.6M	1.02%
22	NORTHERN LTS FD TR IV	NTRSO	323,729	$4.6M	1.01%
23	ISHARES TR	464288257	32,932	$4.6M	1.00%
24	VANGUARD INDEX FDS	922908769	11,700	$3.8M	0.85%
25	ISHARES TR	464287309	31,078	$3.8M	0.83%
26	SPDR S&P 500 ETF TR	SPY	4,933	$3.3M	0.73%
27	BERKSHIRE HATHAWAY INC DEL	BRK-A	6,296	$3.2M	0.70%
28	ISHARES TR	464287226	31,566	$3.2M	0.70%
29	NVIDIA CORPORATION	NVDA	15,922	$3.0M	0.66%
30	AMAZON COM INC	AMZN	9,149	$2.0M	0.44%
31	COASTAL FINL CORP WA	19046P209	18,465	$2.0M	0.44%
32	ALPHABET INC	GOOG	8,129	$2.0M	0.44%
33	BOEING CO	BA-PA	8,501	$1.8M	0.40%
34	VANGUARD INDEX FDS	922908363	2,614	$1.6M	0.35%
35	TESLA INC	TSLA	3,309	$1.5M	0.32%
36	CHEVRON CORP NEW	CVX	9,108	$1.4M	0.31%
37	FIRST TR EXCHNG TRADED FD VI	33740U612	41,182	$1.3M	0.30%
38	ALPHABET INC	GOOG	5,024	$1.2M	0.27%
39	INVESCO EXCHANGE TRADED FD T	IVZ	20,381	$1.2M	0.26%
40	HOME DEPOT INC	HD	2,845	$1.2M	0.25%
41	INVESCO EXCH TRADED FD TR II	IVZ	4,474	$1.1M	0.24%
42	FIRST TR EXCHANGE TRADED FD	33738R118	11,148	$1.1M	0.24%
43	STARBUCKS CORP	SBUX	11,733	$992,580	0.22%
44	PACCAR INC	PCAR	9,374	$921,688	0.20%
45	META PLATFORMS INC	META	1,164	$855,174	0.19%
46	BERKSHIRE HATHAWAY INC DEL	BRK-A	1	$754,200	0.17%
47	FIRST TR EXCHNG TRADED FD VI	33740F771	15,768	$733,788	0.16%
48	BROADCOM INC	AVGO	2,137	$705,018	0.16%
49	FIRST TR EXCHNG TRADED FD VI	33740F482	16,039	$643,164	0.14%
50	DIMENSIONAL ETF TRUST	25434V401	8,547	$619,145	0.14%
51	ABBVIE INC	ABBV	2,635	$610,108	0.13%
52	ADVANCED MICRO DEVICES INC	AMD	3,743	$605,580	0.13%
53	FIRST TR EXCHNG TRADED FD VI	33740F458	15,173	$595,484	0.13%
54	ISHARES TR	464287168	4,155	$590,426	0.13%
55	VANECK ETF TRUST	92189F460	26,756	$585,689	0.13%
56	CISCO SYS INC	CSCO	8,310	$568,570	0.13%
57	INNOVATOR ETFS TRUST	INHD	30,065	$549,606	0.12%
58	GLOBAL X FDS	37954Y657	28,151	$546,974	0.12%
59	HOWMET AEROSPACE INC	HWM	2,749	$539,436	0.12%
60	FIRST TR EXCHNG TRADED FD VI	33740U679	14,515	$532,410	0.12%
61	VANGUARD WHITEHALL FDS	921946406	3,645	$513,794	0.11%
62	FISERV INC	FISV	3,860	$497,670	0.11%
63	SPDR GOLD TR	GLD	1,367	$485,927	0.11%
64	FIDELITY COVINGTON TRUST	31609A305	11,706	$481,348	0.11%
65	THE CIGNA GROUP	125523100	1,666	$480,225	0.11%
66	JPMORGAN CHASE & CO.	VYLD	1,519	$479,219	0.11%
67	VANGUARD SPECIALIZED FUNDS	921908844	2,146	$463,085	0.10%
68	LOCKHEED MARTIN CORP	LMT	834	$416,341	0.09%
69	UNION PAC CORP	UNP	1,752	$414,120	0.09%
70	ABACUS FCF ETF TR	89628W302	5,678	$408,640	0.09%
71	FIRST TR EXCHNG TRADED FD VI	33740U497	11,853	$382,377	0.08%
72	ISHARES TR	464287523	1,405	$380,947	0.08%
73	FIRST TR EXCHNG TRADED FD VI	33740U570	11,162	$370,605	0.08%
74	ISHARES TR	46435G250	7,678	$367,354	0.08%
75	ALIBABA GROUP HLDG LTD	BBAAY	1,995	$356,566	0.08%
76	PROCTER AND GAMBLE CO	742718109	2,310	$354,932	0.08%
77	FIRST TR EXCHNG TRADED FD VI	33740U521	10,880	$350,053	0.08%
78	DIGITAL RLTY TR INC	253868103	1,989	$343,858	0.08%
79	AUTOMATIC DATA PROCESSING IN	ADP	1,163	$341,341	0.08%
80	BANK AMERICA CORP	060505104	6,527	$336,716	0.07%
81	VISA INC	V	951	$324,652	0.07%
82	WELLS FARGO CO NEW	949746101	3,862	$323,696	0.07%
83	MCDONALDS CORP	MCD	1,058	$321,516	0.07%
84	SOUTHERN CO	SOMN	3,389	$321,176	0.07%
85	ELI LILLY & CO	LLY	395	$301,385	0.07%
86	INVESCO EXCH TRADED FD TR II	IVZ	24,824	$287,958	0.06%
87	FIRST TR EXCHNG TRADED FD VI	33740U661	7,020	$284,731	0.06%
88	FIRST TR EXCHNG TRADED FD VI	33740F441	6,981	$282,521	0.06%
89	FIRST TR EXCHNG TRADED FD VI	33740U653	7,308	$282,162	0.06%
90	APPLIED MATLS INC	038222105	1,356	$277,627	0.06%
91	IDEXX LABS INC	45168D104	421	$268,973	0.06%
92	ISHARES TR	464287804	2,219	$263,719	0.06%
93	ISHARES U S ETF TR	46431W507	5,135	$263,323	0.06%
94	ISHARES TR	464287507	3,991	$260,477	0.06%
95	FIRST TR EXCHNG TRADED FD VI	33740U562	7,717	$259,621	0.06%
96	ISHARES TR	464288448	7,015	$256,398	0.06%
97	TRAVELERS COMPANIES INC	TRV	910	$254,090	0.06%
98	MICRON TECHNOLOGY INC	MU	1,508	$252,319	0.06%
99	SALESFORCE INC	CRM	1,056	$250,272	0.06%
100	WALMART INC	WMT	2,403	$247,653	0.05%
101	VANGUARD TAX-MANAGED FDS	921943858	4,078	$244,354	0.05%
102	MARATHON PETE CORP	MARA	1,266	$244,009	0.05%
103	JOHNSON & JOHNSON	JNJ	1,282	$237,708	0.05%
104	INTEL CORP	INTC	7,084	$237,668	0.05%
105	AFLAC INC	AFL	2,102	$234,793	0.05%
106	ORACLE CORP	ORCL-PD	823	$231,461	0.05%
107	ABBOTT LABS	ABLZF	1,694	$226,894	0.05%
108	EXXON MOBIL CORP	XOM	1,992	$224,558	0.05%
109	QUALCOMM INC	QCOM	1,304	$216,933	0.05%
110	FIRST TR EXCHNG TRADED FD VI	33740U737	5,305	$215,224	0.05%
111	UNITED RENTALS INC	URI	225	$214,799	0.05%
112	CENTURY ALUM CO	CENX	7,250	$212,860	0.05%
113	WISDOMTREE TR	WT	6,192	$208,547	0.05%
114	FIRST TR EXCHNG TRADED FD VI	33740U372	6,704	$205,577	0.05%
115	NEXTERA ENERGY INC	NEE-PW	2,685	$202,691	0.04%
116	FIRST TR EXCHNG TRADED FD VI	33740F581	6,250	$201,128	0.04%
117	ENERGY TRANSFER L P	ET-PI	11,274	$193,466	0.04%
118	TILRAY BRANDS INC	TLRY	100,000	$173,000	0.04%
119	CRONOS GROUP INC	CRON	50,000	$139,000	0.03%
120	EATON VANCE CALIF MUN BD FD	ETN	10,894	$103,385	0.02%
121	USIO INC	USIO	34,080	$48,394	0.01%